NKLA - Nikola's Stock Hits All-Time Low: What's Going On? | Benzinga
Nikola Corporation (NASDAQ:NKLA) shares are trading lower Wednesday, and the stock is down more than 20% over the past month. Here's a look at what's going on.
The Details:
Nikola shares have fallen after the EV-maker reported worse-than-expected first-quarter financial results on May 7. The company reported sales of $7.5 million, compared to $10.7 million a year ago, and well-below the analyst consensus estimate of $15.8 million for the quarter.
The stock saw some brief gains during the "meme stock" rally in May and after announcing an order for 100 of the company's EVs, however, the stock remains ...